Government

INCOME TAX (AMENDMENT) BILL 2015

The Income Tax (Amendment) Bill 2015 will be presented at the next Formal Session of Legislative Council, on Friday, 27 March 2015.

This Bill seeks approval to amend the Income Tax Ordinance 2012, to adjust the tax rates, introduce a higher rate tax band and to introduce tax on dividends.

In the lead up to the Formal Legislative Council Session next week, it is planned to hold an Information Session on the Income Tax (Amendment) Bill, with employers and other interested parties, on Wednesday, 25 March 2015, at the Information Centre in the Canister, starting at 4pm.

It is also planned to hold separate information sessions via local radio.